
Introduction To Horse Racing
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Betting on Horse Racing is conducted on pari-mutuel basis
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Pari-mutuel betting is where all bets of a particular type are placed together in a pool. The final payout is not determined until the pool is closed.
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Payout to winners = Bet Amount - Commission* - GST.
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All dividends shall be declared in multiples of $1.

Sources Of Information
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Singapore Pools website
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Newspapers, e.g. The Straits Times, Shin Min Daily News, etc
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Racebooks